A TCM insider believes Warner Bros’ cuts to the network were motivated by bonuses that give David Zaslav and other executives personal financial incentive to make new cuts.
Only Zaslav could screw up a network that brings in ten times the money it costs to run.
The board and CFO should be held up for scorn as well. No finance metrics should be optimized in such a way that this decision got made.
All this meshugaas has me pining for TCM’s halcyon days of Robert Osborne.
“I’ve got an idea, we’ll borrow 50x!”
As I commented in another thread regarding TCM, how much could this channel cost? Is their audience 23 people nationwide? The library itself is now owned by WBD, barring the eternal legal c🤬🤬🤬🤬🤬🤬🤬🤬🤬k that is IP, so that can’t be too big of an issue. The staff, including the presenters and writers (who probably get scale), has to be maybe 20-50 people. Sorry for veering into rant territory but I just can’t understand the “logic.”
If you read the article, it estimates running costs at around $20 million per year, and profit at $200 million. I wasn’t kidding when I said “ten times”.
Read the article?!? What, are you insane?!? 🤣 🤣 🤣
Thanks, pal! 🤝
